Critics warned the payouts will cause inflation to balloon further and don’t put a dent in the debt problem US President Joe Biden announced his long-promised student debt loan forgiveness plan on Wednesday, declaring he was honoring a campaign commitment with the package, which forgives $10,000 in student loan debt for those making under $125,000 per year and extends a pandemic-era pause on loan repayments. However, the president’s critics on the left have argued that the plan forgives only a tiny (and relatively wealthy) portion of those Americans holding the country’s $1.7 trillion in student loan debt, while h
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